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Cable Update (GBPUSD)

  • #534,881
  • Jul 11, 2020 7:02am Jul 11, 2020 7:02am
Quoting kuroro001
{quote} Buys below 2610 (m15) or 2580 (m30/h1) for me, upside target if we reach those buys may be 2645/55 If h4 turns around here without making highs, target would be around 2440 still looking to buy strong dips as weekly is turning bullish (to me) GL for next week
numbers posted by me are just approximate.

I look for a buy signal in my system.

Let us see.
Intraday only.
  • #534,882
  • Jul 11, 2020 7:02am Jul 11, 2020 7:02am
Quoting morfes2
{quote} https://youtu.be/4P4eFFNuihE
Inserted Video
  • #534,883
  • Jul 11, 2020 7:06am Jul 11, 2020 7:06am
Good morning all , as i said and still belive , we will get a retrace of at least 2 D candle in my opinion...W forming in D, 4H, and 1H...high probability
  • #534,884
  • Jul 11, 2020 7:07am Jul 11, 2020 7:07am
Quoting HBN08
Good morning all , as i said and still belive , we will get a retrace of at least 2 D candle in my opinion...W forming in D, 4H, and 1H...high probability
I've got a similar view, some sort of retrace then up to higher highs.
  • #534,885
  • Jul 11, 2020 9:30am Jul 11, 2020 9:30am
Quoting kuroro001
gbp is bearish h1/h4/daily, but bullish weekly with potential towards 3100/3200 Sell short term, buy long term? {image}
I don't understand this indicator
The trend is bullish.
But what determines trend is simple analysis
In daily / h4 / h1 you don't have 2 consecutive lh and ll
In moving avarage department, all tf the price is above 50 sma
And price is above the uprising trend line
yes yes yes
  • #534,886
  • Jul 11, 2020 9:46am Jul 11, 2020 9:46am
Quoting Moty
{quote} I don't understand this indicator The trend is bullish. But what determines trend is simple analysis In daily / h4 / h1 you don't have 2 consecutive lh and ll In moving avarage department, all tf the price is above 50 sma And price is above the uprising trend line
My system doesn't care about the HH/LL mate, its based on the volatility most likely, when price is going away from specific point.

Its a bit like mean return, whenever the price is overextended from its 200MA (or any other), then a return to it is most likely.

Trend is bullish on which tf for you?
COT: The precious data ignored
  • #534,887
  • Jul 11, 2020 9:50am Jul 11, 2020 9:50am
In 1H, 4H is bull and most likely will reatrace and then continue to go up , we just expecting some good retrace and then we continue higher i think
Hope all having a good saturday
  • #534,888
  • Jul 11, 2020 9:55am Jul 11, 2020 9:55am
I wan to ask a serious question, can i trade 100 lot whereby i use 10 pips as SL? i mean can one scalp with 100 lot in 15 minute chart?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #534,889
  • Jul 11, 2020 10:01am Jul 11, 2020 10:01am
Quoting kuroro001
{quote} My system doesn't care about the HH/LL mate, its based on the volatility most likely, when price is going away from specific point. Its a bit like mean return, whenever the price is overextended from its 200MA (or any other), then a return to it is most likely. Trend is bullish on which tf for you?
But it's always better to go with the trend with any system
You saw what happened yesterday, it's was a great signel for retracement, but all of a sodden it turn on you
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 07-11-2020 18.00.49_1.jpg Size: 118 KB
yes yes yes
  • #534,890
  • Jul 11, 2020 10:17am Jul 11, 2020 10:17am
Quoting Moty
{quote} But it's always better to go with the trend with any system You saw what happened yesterday, it's was a great signel for retracement, but all of a sodden it turn on you {image}
You are right, going with the trend always give good amount of pips

But look at your chart, the return to the mean give you good pips
If i look at the trend, h1/h4 are up, daily is flat to me, weekly still bearish

But looking at my setup, it tells me to buy weekly, sell h1/h4/daily.
I'm following it, and just kill my trades if setup is turning
COT: The precious data ignored
  • #534,891
  • Jul 11, 2020 10:33am Jul 11, 2020 10:33am
Quoting martinez1
Who else is seeing this? Cable needs to join and when he does, booom down {image}
This just simply show you the current currency strength.
doenst mean anything, and we can see gbp is holding strong against usd
Dnt get too obsess with this ,
better follow what chart show you
it may drop at Monday just simply there show double top,
not by this web tell you
PA Return Today: na
  • #534,892
  • Jul 11, 2020 10:38am Jul 11, 2020 10:38am
Quoting martinez1
I wan to ask a serious question, can i trade 100 lot whereby i use 10 pips as SL? i mean can one scalp with 100 lot in 15 minute chart?
Of course that should be possible with a big enough account.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #534,893
  • Edited 1:38pm Jul 11, 2020 1:24pm | Edited 1:38pm
an uptrend is developing ,
the falling tl will not hold over the next 5 weeks-not drawn on chart.
The major support off that shaven low will hold should it go back.
Current candle is 3 weeks old.
The monthly as you see it is right before before its closed .Runners are long.
High doubt below the shaven element.

Don't argue with pretty, off major- after that massive wick, for the longer outlook.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-07-11 at 19.19.55.png Size: 56 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,894
  • Jul 11, 2020 1:52pm Jul 11, 2020 1:52pm
You won't make that bearish swing ,because the last candle is bullish off major ,this current candle is the confirm.lets see it , it's 3 weeks off close.
Then double checked it on something similar in time that close's next week posted above ,so how next week close is important=for that longer term outlook, in candle talk.
It's a 4 week confirm for inverted as is, be better a bit higher, best is break.
The 4 week is easier on the eye.

Quoting Bones
Ok your going to make a bearish swing out of it ,lets see {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,895
  • Jul 11, 2020 2:15pm Jul 11, 2020 2:15pm
conclusion ,not really possible of faster chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily 55.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,896
  • Jul 11, 2020 2:29pm Jul 11, 2020 2:29pm
The market will surely expose the arrogant.
Le$$ I$ More
  • #534,897
  • Jul 11, 2020 3:36pm Jul 11, 2020 3:36pm
Quoting LeongPuiy
{quote} This just simply show you the current currency strength. doenst mean anything, and we can see gbp is holding strong against usd Dnt get too obsess with this , better follow what chart show you it may drop at Monday just simply there show double top, not by this web tell you
yea, i know all that your saying, but that web was for Thursday and besides is just a short term analysis and the Gbpusd drooped that day as it anticipated.
i made 60 pips from that move already.
Have watched that web for a long time to know how to incoperate it to my trading stlye the days i need it and it helps too
For the double top that took place on Friday i also saw it and am already planning to go shorts if it solidifies
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #534,898
  • Jul 11, 2020 3:37pm Jul 11, 2020 3:37pm
Quoting skyf
{quote} Of course that should be possible with a big enough account.
okay. thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #534,899
  • Jul 11, 2020 3:43pm Jul 11, 2020 3:43pm
Quoting kuroro001
{quote} You are right, going with the trend always give good amount of pips But look at your chart, the return to the mean give you good pips If i look at the trend, h1/h4 are up, daily is flat to me, weekly still bearish But looking at my setup, it tells me to buy weekly, sell h1/h4/daily. I'm following it, and just kill my trades if setup is turning
The market is fractal, numerous trends within a trend, the best way for me is to look at one time frame and stick with it, even though others swear only by the 3 TF strategy...

« The trend is your friend till it bend »

Cheers,
LDFX Trading Ltd
  • #534,900
  • Jul 11, 2020 3:50pm Jul 11, 2020 3:50pm
Quoting martinez1
I wan to ask a serious question, can i trade 100 lot whereby i use 10 pips as SL? i mean can one scalp with 100 lot in 15 minute chart?

Lol !

you technically can if your account and leverage is big enough.

But if you are asking that on a forum it certainly shows that you haven’t any clue so my answer would be « forget about it ! »

100lots would give you huge slippage on entries/exits, drastically reducing your profits and increasing your loss, thus you would have to enter the markets with at least 20 orders separated by a few seconds, not suitable for scalping at all, so on 15 minutes time frame ?!
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